Berryman Industries is considering a project that has the following cash flow data. What is the project$$s IRR? Note that a project$$s projected IRR can be less than the WACC $($and even negative$),$ in which case it will be rejected.

Year: $012345$

CFS: $-$$$9,500$ $$2,000$ $$2,025$ $$2,050$ $$2,075$ $$2,100$

a$.2\mathrm{.}08\%$

b$.2\mathrm{.}31\%$

c$.2\mathrm{.}57\%$

d$.2\mathrm{.}82\%$

e$.3\mathrm{.}10\%$